SinoMedia Holding Limited provided earnings guidance for the six months ended June 30, 2023. The board of directors The group is expected to record a profit attributable to equity shareholders of the Company in the range of approximately RMB 38 million to RMB 50 million for the Period, as compared to a loss attributable to equity shareholders of the Company of approximately RMB 22.4 million recorded for the corresponding period in 2022. Based on information currently available, the expected turnaround from loss to profit for the Period is mainly attributable to the gain on disposal of properties.
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